$NMR is up 43.1% in 24 hours, the top gainer on the liquid board. The detail I keep looking at sits at the other end of the list, though: the worst coin is $ENA, and it is down just 4.08%.
When the biggest loser among liquid USDT pairs only drops 4% and the top five gainers are all up 15% to 43%, sellers are hardly showing up anywhere. NMR, RLC, ORCA, API3 and ZRO each gained at least 14.9%. On the losing side, nothing after ENA is down even 2%.
The majors are calm. $BTC is up 1.2% at 86,581, ETH up 0.8%. Fear & Greed moved from 70 to 73, still Greed.
NMR traded about 23.2M USDT, much less than RLC's 65.2M, so its move is the bigger one on thinner money. I trust RLC's volume more than NMR's percentage.
A board this one-sided rarely lasts. I am watching the loser list. If drops of 5% to 10% start showing up there while BTC stays flat, the money is rotating out of these runners, and that is usually the first sign the altcoin bid is getting tired.
#Numeraire #AltcoinRotation
When the biggest loser among liquid USDT pairs only drops 4% and the top five gainers are all up 15% to 43%, sellers are hardly showing up anywhere. NMR, RLC, ORCA, API3 and ZRO each gained at least 14.9%. On the losing side, nothing after ENA is down even 2%.
The majors are calm. $BTC is up 1.2% at 86,581, ETH up 0.8%. Fear & Greed moved from 70 to 73, still Greed.
NMR traded about 23.2M USDT, much less than RLC's 65.2M, so its move is the bigger one on thinner money. I trust RLC's volume more than NMR's percentage.
A board this one-sided rarely lasts. I am watching the loser list. If drops of 5% to 10% start showing up there while BTC stays flat, the money is rotating out of these runners, and that is usually the first sign the altcoin bid is getting tired.
#Numeraire #AltcoinRotation
